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People's Bank announces the results of its stock offering

Wed Apr 11, 2007 9:56pm EDT
Co, the proposed holding co for People's Bank (PBCT), announced that, as a result of the syndicated offering and the recently completed subscription offering, the Co expects to sell 172,226,250 shares of common stock at $20.00 per share, for total offering proceeds of $3.44 bln. The offerings are expected to close and trading in Co shares is expected to begin on Monday, April 16, 2007.



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